4007 Corunna Rd, Flint, MI 48532

Investment Highlights

  • E-commerce Resistance – Medical tenants are one of the most sought after triple net properties due to their service based business and e-commerce proof components
  • Large Rental Increases – This store has CPI increases built into the lease which just resulted in a 19% increase in rent
  • Strong Guarantee – Corporate Guarantee by Reliant Renal Care Inc which is a wholly owned subsidiary of Fresenius Medical Care the largest dialysis provider
  • Recently Extended Lease – This property had its lease extended 10 years showing a strong commitment to the location

Location Highlights

  • Ideal Demographics – This property is located in a market with demographics that are ideal for a Dialysis Clinic
  • Strong Traffic Counts – This location is located just off I-75 that sees over 85,000 VPD with over 28,000 VPD traveling on Corunna Rd as well
  • Surrounding Retail – This property is located in one of the busiest retail corridors in Flint with surrounding national tenants including Home Depot, Sam’s Club, Walmart, Lowe’s, Aldi, O’Reilly Auto Parts, Kroger, and more

Tenant Highlights

  • Fresenius Medical Care (NYSE:FMS) is the world’s largest dialysis provider with a 48% market share
  • The company currently holds an S&P credit rating of BBB – and a $26 Billion market cap
  • Fresenius operates over 2,400 dialysis facilities in North America alone, with the company continuing its expansion domestically and overseas